Progress
In 2020, Stefnir participated in signing a declaration of intent for investments for a sustainable recovery. Capital is an important motive power in shaping the economy and creating jobs. Decisions made today will have a major impact on the development of societies in the coming years, and it is important that they are made with sustainability in mind. By utilizing capital through targeted measures, it is possible to maintain sustainable development and at the same time strengthen the competitiveness of nations and the future of posterity.
In 2021 Stefnir established three fund that specifically consider sustainability when investing. The funds are „Stefnir -Scandinavian Fund - ESG“, „Stefnir – Sustainable Fixed Income Fund“ and „Stefnir – Green Selection“. Stefnir – Scandinavian Fund ESG has received MSCI’s AAA-grade and is the first Icelandic fund that receives this grade. The fund, has therefore, joined the foremost funds considering ESG factors. MSCI’s report states that „Stefnir – Scandinavian Fund ESG“ rates higher than 94% of the 34 thousand funds it rates worldwide.
Within Stefnir operates an ESG committee that works in accordance with rules of procedure, provides support on asset allocation and assurance that Stefnir works in accordance with the established criteria on responsible investment. Stefnir employees who serve on the ESG committee are the torchbearers for implementing the responsible investment methodology throughout Stefnir. The board and employees of Stefnir have an option to undertake courses at PRI Academy in the methodology of responsible investment. PRI Academy is the global leader for people who want to gain an insight into how environmental, social and governance issues affect companies’ performance and increase value of all stakeholders.
The Iceland Carbon Fund has been responsible for offsetting the carbon emissions produced by the Stefnir's activities since 2020.
